Space Technology Market Research Report - Global Forecast till 2025

Global Space Technology Market Research Report: Information by Subsystem (Orbit, Launch Platform, Launch Vehicle and Payload), End-Use (Civil, Commercial and Military) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2025

ID: MRFR/A&D/6925-HCR | February 2021 | Region: Global | 133 pages

Market Scenario


Innovations in the manufacture and launch of satellites are driving the evolution of the space industry. The expansion of the global space technology market is attributed to factors such as increase in the number of satellites launches by countries such as the US, Russia, China, and India and rise in development of small satellites such as CubeSats, nanosatellites, and microsatellites. Additionally, the growing adoption of space farming by prominent space organizations such as NASA and the development of space hotels are expected to drive the growth of the market.


Furthermore, the growing demand for satellites by the military forces for secured communications is expected to drive the market growth. For example, in August 2019, The United Launch Alliance (ULA) launched an Atlas V rocket carrying a satellite to provide jam-resistant secure communication to the US Army.However, growing concerns relating to space debris, high costs related to research and development, and stringent government regulations regarding satellite manufacturing are expected to hamper the growth of the market.


The Global Space Technology Market is estimated to register a CAGR of nearly 5.4% between 2019 and 2025.


Segmentation of the Global Space Technology Market


On the basis of subsystem, the global space technology market has been divided into orbit, launch platform, launch vehicle, and payload. The payload segment dominated the global market in 2018. However, the launch vehicle segment is projected to expand at the highest CAGR during the forecast period. Increasing developments in the field of satellite launch vehicles are expected to drive the growth of the segment. For instance, the Indian Space Research Organisation (ISRO) developed a small satellite launch vehicle (SSLV). The vehicle has a payload capacity of 500 kg and can support multiple orbital drop-offs.


Based on end use, the market has been divided into civil, commercial, and military. The commercial segment dominated the market in 2018 and is expected to register the highest CAGR during the forecast period owing to the increase in the number of satellites being launched by companies worldwide. For example, in May 2019, SpaceX launched 60 Starlink satellites to offer high-speed Internet connectivity across the globe. Furthermore, the growing concept of space tourism is expected to drive the growth of the segment.


In terms of region, the global space technology market has been divided into North America, Europe, Asia-Pacific, and the rest of the World. The North American market dominated the global space technology market in 2018 owing to the presence of prominent space organizations such as NASA. However, Asia-Pacific is expected to be the fastest-growing market during the forecast period. The availability of low-cost satellites and advanced technology are driving the growth of the market in the region. Furthermore, increasing number of space technology start-ups such as Bellatrix Aerospace (India) Private Limited and Exseed Space (India) is anticipated to drive the growth of the market in the region.


Key Players


The key players in the global space technology market include Ball Corporation (US), Intelsat (Luxembourg), Airbus SAS (Netherlands), Boeing (US), IAI (Israel), Lockheed Martin Corporation (US), Eutelsat Communications SA (France), Northrop Grumman Corporation (US), Space Exploration Technologies Corp. (US), Space Systems/Loral, LLC (US), Thales Group (France), SES SA (Luxembourg), Viasat, Inc. (US), Safran (France), Leonardo SpA (Italy), General Electric (US), Honeywell International Inc. (US), United Technologies Corporation (US), Teledyne Technologies Incorporated (US), Transdigm Group, Inc. (US), and NEC Corporation (Japan).


Research Methodology


The market values and forecasts are derived using MRFR research methodology, which includes secondary research, primary interviews, data triangulation, and validation from an in-house data repository and statistical modeling tools.



  • Secondary Research


In this process, data is collected from various secondary sources including annual reports, SEC filings, journals, government associations, aerospace & defense magazines, white papers, corporate presentations, company websites, and paid databases.



  • Primary Research


In this process, both the demand- and supply-side parties are interviewed to extract facts and insights into the market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information.


Key Insights



  • Market sizing, forecast, and analysis: Detailed coverage of the market segment and sub-segments

  • Regional/Country trends and forecast: Detailed analysis of the market in North America, Asia-Pacific, Europe, the Rest of the World, along with key countries in each region

  • Market dynamics intelligence: Market drivers, opportunities, trends, restraints, Porters five forces, supply chain, and value chain analysis

  • Technology trends, regulatory landscape, and patent analysis outlook

  • Competitive intelligence: Market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions

  • Regional attractiveness and related growth opportunities


Report Customization


MRFR offers report customization to valued customers. Below are the options available for customization:



  • Company Profiles


In-depth profiling of additional market players (3 to 4 companies)



  • Country-Level Analysis


Detailed analysis of a country-level market and related segments as per the report scope (subject to data availability)


Intended Audience



  • Space technology developers

  • Satellite manufacturers

  • Information technology companies

  • Law enforcement agencies

  • Space agencies

  • Defense organizations

  • Government authorities

  • Defense companies

  • Research institutes

  • Regulatory bodies



Frequently Asked Questions (FAQ) :


Global Space Technology Market is projected to register a moderate 5.4% CAGR in the forecast period.

The services segment is expected to observe substantial demand over the review period.

Modernizations in the production and launch of satellites are fueling the evolution of the space technology market.

A few eminent market players operating in the global space technology market are Analytical Graphics (US), Etamax Space (Germany), Exoanalytic Solutions (US), among others.

Table of Contents
1. Executive Summary

1.1. Market Attractiveness Analysis

1.1.1. Global Space Technology Market, by Subsystem

1.1.2. Global Space Technology Market, by End Use

1.1.3. Global Space Technology Market, by Region

2. Market Introduction

2.1. Market Definition

2.2. Scope of the Study

2.3. Market Structure

2.4. Key Buying Criteria

2.5. Market Factor Indicator Analysis

3. Research Methodology

3.1. Research Process

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

3.5. Forecast Model

3.6. List of Assumptions

4. Market Insights

5. Market Dynamics

5.1. Introduction

5.2. Drivers

5.3. Restraints

5.4. Opportunities

5.5. Challenges

5.6. Market/Technological Trends

5.7. Patent Trends

5.8. Regulatory Landscape/Standards

6. Market Factor Analysis

6.1. Value Chain/Supply Chain Analysis

6.1.1. R&D

6.1.2. Manufacturing

6.1.3. Distribution & Sales

6.1.4. Post-Sales Monitoring

6.2. Porter’s Five Forces Analysis

6.2.1. Threat of New Entrants

6.2.2. Bargaining Power of Buyers

6.2.3. Threat of Substitutes

6.2.4. Rivalry

6.2.5. Bargaining Power of Suppliers

7. Global Space Technology Market, by Subsystem

7.1. Introduction

7.2. Orbit

7.2.1. Market Estimates & Forecast, 2019–2025

7.2.2. Market Estimates & Forecast, by Region, 2019–2025

7.3. Launch Platform

7.3.1. Market Estimates & Forecast, 2019–2025

7.3.2. Market Estimates & Forecast, by Region, 2019–2025

7.4. Launch Vehicle

7.4.1. Market Estimates & Forecast, 2019–2025

7.4.2. Market Estimates & Forecast, by Region, 2019–2025

7.5. Payload

7.5.1. Market Estimates & Forecast, 2019–2025

7.5.2. Market Estimates & Forecast, by Region, 2019–2025

8. Global Space Technology Market, by End Use

8.1. Introduction

8.2. Civil

8.2.1. Market Estimates & Forecast, 2019–2025

8.2.2. Market Estimates & Forecast, by Region, 2019–2025

8.3. Commercial

8.3.1. Market Estimates & Forecast, 2019–2025

8.3.2. Market Estimates & Forecast, by Region, 2019–2025

8.4. Military

8.4.1. Market Estimates & Forecast, 2019–2025

8.4.2. Market Estimates & Forecast, by Region, 2019–2025

9. Global Space Technology Market, by Region

9.1. Introduction

9.2. North America

9.2.1. Market Estimates & Forecast, by Country, 2019–2025

9.2.2. Market Estimates & Forecast, by End Use, 2019–2025

9.2.3. US

9.2.3.1. Market Estimates & Forecast, by Subsystem, 2019–2025

9.2.3.2. Market Estimates & Forecast, by End Use, 2019–2025

9.2.4. Canada

9.2.4.1. Market Estimates & Forecast, by Subsystem, 2019–2025

9.2.4.2. Market Estimates & Forecast, by End Use, 2019–2025

9.3. Europe

9.3.1. Market Estimates & Forecast, by Country, 2019–2025

9.3.2. Market Estimates & Forecast, by Subsystem, 2019–2025

9.3.3. Market Estimates & Forecast, by End Use, 2019–2025

9.3.4. UK

9.3.4.1. Market Estimates & Forecast, by Subsystem, 2019–2025

9.3.4.2. Market Estimates & Forecast, by End Use, 2019–2025

9.3.5. Germany

9.3.5.1. Market Estimates & Forecast, by Subsystem, 2019–2025

9.3.5.2. Market Estimates & Forecast, by End Use, 2019–2025

9.3.6. France

9.3.6.1. Market Estimates & Forecast, by Subsystem, 2019–2025

9.3.6.2. Market Estimates & Forecast, by End Use, 2019–2025

9.3.7. Russia

9.3.7.1. Market Estimates & Forecast, by Subsystem, 2019–2025

9.3.7.2. Market Estimates & Forecast, by End Use, 2019–2025

9.3.8. Rest of Europe

9.3.8.1. Market Estimates & Forecast, by Subsystem, 2019–2025

9.3.8.2. Market Estimates & Forecast, by End Use, 2019–2025

9.4. Asia-Pacific

9.4.1. Market Estimates & Forecast, by Country, 2019–2025

9.4.2. Market Estimates & Forecast, by Subsystem, 2019–2025

9.4.3. Market Estimates & Forecast, by End Use, 2019–2025

9.4.4. China

9.4.4.1. Market Estimates & Forecast, by Subsystem, 2019–2025

9.4.4.2. Market Estimates & Forecast, by End Use, 2019–2025

9.4.5. Japan

9.4.5.1. Market Estimates & Forecast, by Subsystem, 2019–2025

9.4.5.2. Market Estimates & Forecast, by End Use, 2019–2025

9.4.6. India

9.4.6.1. Market Estimates & Forecast, by Subsystem, 2019–2025

9.4.6.2. Market Estimates & Forecast, by End Use, 2019–2025

9.4.7. South Korea

9.4.7.1. Market Estimates & Forecast, by Subsystem, 2019–2025

9.4.7.2. Market Estimates & Forecast, by End Use, 2019–2025

9.4.8. Rest of Asia-Pacific

9.4.8.1. Market Estimates & Forecast, by Subsystem, 2019–2025

9.4.8.2. Market Estimates & Forecast, by End Use, 2019–2025

9.5. Rest of the World

9.5.1. Market Estimates & Forecast, by Region, 2019–2025

9.5.2. Market Estimates & Forecast, by Subsystem, 2019–2025

9.5.3. Market Estimates & Forecast, by End Use, 2019–2025

9.5.4. Middle East & Africa

9.5.4.1. Market Estimates & Forecast, by Subsystem, 2019–2025

9.5.4.2. Market Estimates & Forecast, by End Use, 2019–2025

9.5.5. Latin America

9.5.5.1. Market Estimates & Forecast, by Subsystem, 2019–2025

9.5.5.2. Market Estimates & Forecast, by End Use, 2019–2025

10. Competitive Landscape

10.1. Competitive Overview

10.2. Competitor Dashboard

10.3. Major Growth Strategies in the Global Space Technology Market

10.4. Competitive Benchmarking

10.5. Market Share Analysis

10.6. Lockheed Martin Corporation: The Leading Player in Terms of Number of Developments in the Global Space Technology Market

10.7. Key Developments & Growth Strategies

10.7.1. Product Launches/Service Deployments

10.7.2. Mergers & Acquisitions

10.7.3. Joint Ventures

11. Company Profiles

11.1. Airbus SAS

11.1.1. Company Overview

11.1.2. Products/Services Offered

11.1.3. Financial Overview

11.1.4. Key Developments

11.1.5. SWOT Analysis

11.1.6. Key Strategies

11.2. Ball Corporation

11.2.1. Company Overview

11.2.2. Products/Services Offered

11.2.3. Financial Overview

11.2.4. Key Developments

11.2.5. SWOT Analysis

11.2.6. Key Strategies

11.3. Boeing

11.3.1. Company Overview

11.3.2. Products/Services Offered

11.3.3. Financial Overview

11.3.4. Key Developments

11.3.5. SWOT Analysis

11.3.6. Key Strategies

11.4. Eutelsat Communications SA

11.4.1. Company Overview

11.4.2. Products/Services Offered

11.4.3. Financial Overview

11.4.4. Key Developments

11.4.5. SWOT Analysis

11.4.6. Key Strategies

11.5. General Electric

11.5.1. Company Overview

11.5.2. Products/Services Offered

11.5.3. Financial Overview

11.5.4. Key Developments

11.5.5. SWOT Analysis

11.5.6. Key Strategies

11.6. Honeywell International Inc.

11.6.1. Company Overview

11.6.2. Products/Services Offered

11.6.3. Financial Overview

11.6.4. Key Developments

11.6.5. SWOT Analysis

11.6.6. Key Strategies

11.7. Intelsat

11.7.1. Company Overview

11.7.2. Products/Services Offered

11.7.3. Financial Overview

11.7.4. Key Developments

11.7.5. SWOT Analysis

11.7.6. Key Strategies

11.8. IAI

11.8.1. Company Overview

11.8.2. Products/Services Offered

11.8.3. Financial Overview

11.8.4. Key Developments

11.8.5. SWOT Analysis

11.8.6. Key Strategies

11.9. Leonardo SpA

11.9.1. Company Overview

11.9.2. Products/Services Offered

11.9.3. Financial Overview

11.9.4. Key Developments

11.9.5. SWOT Analysis

11.9.6. Key Strategies

11.10. Lockheed Martin Corporation

11.10.1. Company Overview

11.10.2. Products/Services Offered

11.10.3. Financial Overview

11.10.4. Key Developments

11.10.5. SWOT Analysis

11.10.6. Key Strategies

11.11. NEC Corporation

11.11.1. Company Overview

11.11.2. Products/Services Offered

11.11.3. Financial Overview

11.11.4. Key Developments

11.11.5. SWOT Analysis

11.11.6. Key Strategies

11.12. Northrop Grumman Corporation

11.12.1. Company Overview

11.12.2. Products/Services Offered

11.12.3. Financial Overview

11.12.4. Key Developments

11.12.5. SWOT Analysis

11.12.6. Key Strategies

11.13. Safran

11.13.1. Company Overview

11.13.2. Products/Services Offered

11.13.3. Financial Overview

11.13.4. Key Developments

11.13.5. SWOT Analysis

11.13.6. Key Strategies

11.14. SES SA

11.14.1. Company Overview

11.14.2. Products/Services Offered

11.14.3. Financial Overview

11.14.4. Key Developments

11.14.5. SWOT Analysis

11.14.6. Key Strategies

11.15. Space Exploration Technologies Corp

11.15.1. Company Overview

11.15.2. Products/Services Offered

11.15.3. Financial Overview

11.15.4. Key Developments

11.15.5. SWOT Analysis

11.15.6. Key Strategies

11.16. Space Systems/Loral, LLC

11.16.1. Company Overview

11.16.2. Products/Services Offered

11.16.3. Financial Overview

11.16.4. Key Developments

11.16.5. SWOT Analysis

11.16.6. Key Strategies

11.17. Teledyne Technologies Incorporated

11.17.1. Company Overview

11.17.2. Products/Services Offered

11.17.3. Financial Overview

11.17.4. Key Developments

11.17.5. SWOT Analysis

11.17.6. Key Strategies

11.18. Thales Group

11.18.1. Company Overview

11.18.2. Products/Services Offered

11.18.3. Financial Overview

11.18.4. Key Developments

11.18.5. SWOT Analysis

11.18.6. Key Strategies

11.19. Transdigm Group, Inc.

11.19.1. Company Overview

11.19.2. Products/Services Offered

11.19.3. Financial Overview

11.19.4. Key Developments

11.19.5. SWOT Analysis

11.19.6. Key Strategies

11.20. United Technologies Corporation

11.20.1. Company Overview

11.20.2. Products/Services Offered

11.20.3. Financial Overview

11.20.4. Key Developments

11.20.5. SWOT Analysis

11.20.6. Key Strategies

11.21. Viasat, Inc.

11.21.1. Company Overview

11.21.2. Products/Services Offered

11.21.3. Financial Overview

11.21.4. Key Developments

11.21.5. SWOT Analysis

11.21.6. Key Strategies

12. Appendix

12.1. References

12.2. Related Reports

12.3. List of Abbreviations

13. Industry Insights

Note: This table of contents is tentative and subject to change as the research progresses.

List of Tables
Table 1 Global Space Technology Market, by Region, 2019–2025

Table 2 North America: Space Technology Market, by Country, 2019–2025

Table 3 Europe: Space Technology Market, by Country, 2019–2025

Table 4 Asia-Pacific: Space Technology Market, by Country, 2019–2025

Table 5 Rest of the World: Space Technology Market, by Region, 2019–2025

Table 6 Global Space Technology Market Size, by Region, 2019–2025

Table 7 North America: Space Technology Market Size, by Country, 2019–2025

Table 8 Europe: Space Technology Market Size, by Country, 2019–2025

Table 9 Asia-Pacific: Space Technology Market Size, by Country, 2019–2025

Table 10 Rest of the World: Space Technology Market Size, by Region, 2019–2025

Table 11 Global Space Technology Subsystem Market, by Region, 2019–2025

Table 12 North America: Space Technology Subsystem Market, by Country, 2019–2025

Table 13 Europe: Space Technology Subsystem Market, by Country, 2019–2025

Table 14 Asia-Pacific: Space Technology Subsystem Market, by Country, 2019–2025

Table 15 Rest of the World: Space Technology Subsystem Market, by Region, 2019–2025

Table 16 Global Space Technology End Use Market, by Region, 2019–2025

Table 17 North America: Space Technology End Use Market, by Country, 2019–2025

Table 18 Europe: Space Technology End Use Market, by Country, 2019–2025

Table 19 Asia-Pacific: Space Technology End Use Market, by Country, 2019–2025

Table 20 Rest of the World: Space Technology End Use Market, by Region, 2019–2025

Table 21 Global Space Technology Market, by Region, 2019–2025

Table 22 Global Space Technology Market, by Subsystem, 2019–2025

Table 23 Global Space Technology Market, by End Use, 2019–2025

Table 24 North America: Space Technology Market, by Country, 2019–2025

Table 25 North America: Space Technology Market, by Subsystem, 2019–2025

Table 26 North America: Space Technology Market, by End Use, 2019–2025

Table 27 Europe: Space Technology Market, by Country, 2019–2025

Table 28 Europe: Space Technology Market, by Subsystem, 2019–2025

Table 29 Europe: Space Technology Market, by End Use, 2019–2025

Table 30 Asia-Pacific: Space Technology Market, by Country, 2019–2025

Table 31 Asia-Pacific: Space Technology Market, by Subsystem, 2019–2025

Table 32 Asia-Pacific: Space Technology Market, by End Use, 2019–2025

Table 33 Rest of the World: Space Technology Market, by Region, 2019–2025

Table 34 Rest of the World: Space Technology Market, by Subsystem, 2019–2025

Table 35 Rest of the World: Space Technology Market, by End Use, 2019–2025


List of Figures
FIGURE 1 Research Process of MRFR

FIGURE 2 Top-Down & Bottom-Up Approaches

FIGURE 3 Market Dynamics

FIGURE 4 Impact Analysis: Market Drivers

FIGURE 5 Impact Analysis: Market Restraints

FIGURE 6 Porter's Five Forces Analysis

FIGURE 7 Value Chain Analysis

FIGURE 8 Global Space Technology Market Share, by Subsystem, 2018 (%)

FIGURE 9 Global Space Technology Market, by Subsystem, 2019–2025 (USD Million)

FIGURE 10 Global Space Technology Market Share, by End Use, 2018 (%)

FIGURE 11 Global Space Technology Market, by End Use, 2019–2025 (USD Million)

FIGURE 12 Global Space Technology Market Share, by Region, 2018 (%)

FIGURE 13 Global Space Technology Market, by Region, 2019–2025 (USD Million)

FIGURE 14 North America: Space Technology Market Share, 2018 (%)

FIGURE 15 North America: Space Technology Market, by Country, 2019–2025 (USD Million)

FIGURE 16 Europe: Space Technology Market Share, 2018 (%)

FIGURE 17 Europe: Space Technology Market, by Country, 2019–2025 (USD Million)

FIGURE 18 Asia-Pacific: Space Technology Market Share, 2018 (%)

FIGURE 19 Asia-Pacific: Space Technology Market, by Country, 2019–2025 (USD Million)

FIGURE 20 Rest of the World: Space Technology Market Share, 2018 (%)

FIGURE 21 Rest of the World: Space Technology Market, by Region, 2019–2025 (USD Million)

Space Technology Market